TCVF today announced an investment in Impresa Hospitality Management Private Limited (IHMPL), the company that owns and operates Maroosh. TCVF is a fund focusing on high quality emerging companies that invests around USD 1 million per transaction.

Maroosh is the pioneer and leader in Lebanese cuisine and has grown to be a well-recognised QSR (Quick Service Restaurant) brand. It offers authentic middle-eastern flavours in a hygienic and fast format. Maroosh will use the funds to take advantage of rapidly growing opportunities in the food services industry.
Post the transaction, TCVF will be represented on the board by Mr. Jayendra Shah.

In a statement, Jayendra says, “Ketan is a seasoned restaurateur with a track record of having built several restaurant brands. He has created a strong launch-pad for his business through the use of technology and outsourcing of non-core operations, both of which are critical for any QSR to succeed.”

Last year media entrepreneur turned investor Ronnie Screwvala’s Unilazer Ventures Ltd acquired substantial equity stake in Mumbai-based Lebanese restaurant chain IHMPL.

Mr. Kadam, founder and food enthusiast, states, “I have known the TCVF team for many years and I chose them because of their strong understanding of the sector, their partnering approach and their ability to add value beyond capital. With Ronnie and TCVF on board, we have two exceptional set of partners to take Maroosh to the next level. I am excited about their involvement, and believe that their inputs will benefit Maroosh immensely.”

• KEY DRIVERS OF GROWTH IN QSR
• India has the world’s largest youth population with around 356 million people between the age of 10 to 24
• Growth in the economy and incomes is improving affordability
• Rising female work-force is increasing the frequency of dine-outs
• Increased awareness of global cuisines and tastes

As a result of all the above, QSR (Quick Service Restaurants) in india is growing at rapid speed. Many domestic QSR chains have attracted massive funding in the recent past. If reports are to be believed, the Indian fast food sector is expected to reach USD 1.12 billion dollars in 2016.

ABOUT TCVF

TCVF is a SEBI Registered Category I Alternative Investment Fund (AIF) that invests in emerging and early stage companies in India. The Fund is sector agnostic, and other investments include companies in technology and manufacturing.

The Fund is managed by Trans-Continental Capital Managers LLP. Investment Committee consists of Mr. Ashesh Shah (who is also the Chief Investment Officer and a seasoned Investment professional) and Mr. Jayendra Shah (who is senior Chartered Accountant and partner at N A Shah Associates)